A Comprehensive Guide To Laboratory Medical Billing: Maximize Reimbursement With Medicare

Laboratory medical billing refers to the process of invoicing and collecting payments for various laboratory services. In simple words, the tests provided by healthcare laboratories are translated into standard codes and submitted to insurance companies for the purpose of claim reimbursements. These codes are usually known as the Current Procedural Terminology (CPT) codes. These codes are recognized by insurance companies and other healthcare payers.